Pennsylvania Major Metro Regions See More Than 1,600 New Construction Projects Released for Bid in the 2nd Quarter of 2014, BidClerk Data Shows

By Business Wire,  August 07, 2014, 02:50:00 PM EDT


Pennsylvania Regions' Total Contract Value is $3.3 Billion

CHICAGO--(BUSINESS WIRE)-- BidClerk data shows that Pennsylvania major metro regions saw more than 1,600 new construction projects released for bid in the 2nd quarter of 2014, with a total contract value of $3.3 billion. This compares to a total contract value of $3.5 billion that BidClerk reported in the 1st quarter of 2014.

Nationally, BidClerk reported on $126 billion in commercial construction contracts out-to-bid in the 2nd quarter of 2014, across more than 50,000 projects. BidClerk saw an increase in the total contract values of more than $14 billion compared to the 2nd quarter of 2013. These figures include both public and private work, and it represents the aggregate value of actively bidding commercial construction contract opportunities available in BidClerk's database.

For the Philadelphia MSA region, there were more than 800 projects released for bid in the 2nd quarter of 2014, with a total value of $1.9 billion.

A notable project actively bidding in the Philadelphia MSA region is the Element and W Hotel. (BidClerk project number 2397346.) It is being built at an estimated cost of $250 million. The architect is Cope Linder Architects (Philadelphia, PA), and the general contractor is Tutor-Perini (Philadelphia).

For the Pittsburgh MSA region, there were more than 400 projects put out for bid in the 2nd quarter of 2014, with a total value of nearly $800 million.

A notable project actively bidding in the Pittsburgh MSA region is the Freeport Middle School. (BidClerk project number 1730195.) It is being built at an estimated cost of $30 million. The architect is HHSDR Architects/Engineers (Sharon, PA) and the construction manager is Massaro Company (Pittsburgh, PA).

The major-metro regions surveyed for this BidClerk Construction Index™ (BCI) report in Pennsylvania include Allentown-Bethlehem-Easton, PA-NJ; Harrisburg-Carlisle, PA; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD; Pittsburgh, PA; Reading, PA; Scranton-Wilkes-Barre, PA; and York-Hanover, PA.

Today's new construction data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. The BCI data represents projects that actively bid in the 2nd quarter of 2014 and is not a full representation of BidClerk's full project database that tracks construction project data from the pre-construction phases through construction put-in-place. The BidClerk Construction Index is a quarterly data service offered at no cost to media outlets that cover regional construction news. Members of the media may request custom BidClerk Construction Index reports for specific counties, regions, and states by contacting BidClerk: BCI@bidclerk.com.

About BidClerk

BidClerk offers an extensive range of construction project data and marketing tools for building product manufacturers, contractors, and distributors. Advanced analytics, superior data coverage, and cost effectiveness set BidClerk services apart from competitors McGraw-Hill Construction (NYSE: MHFI) and Reed Construction Data (rel:Ln).

Find BidClerk on Twitter (@bidclerk), Facebook and Google Plus

More info: www.BidClerk.com or call (877) 737-6482.

Source: BidClerk



This article appears in: News Headlines

Referenced Stocks: MHFI


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